About Andreas Rossler Expertise I'm able to answer general questions on timeshares and specifically in regard to purchasing, renting or exchanging timeshares on the secondary or resale market and through the Internet. I have expert knowledge in sales, mechanics (how and why timeshares work), and timeshare exchanges.
I am also well versed in timeshare financing and may be able to guide you to better financing or refinancing options for your timeshare purchase.
If you ask questions of a legal nature, or those requiring tax advice - I may not be able to answer fully.
Experience I have 10 years of industry experience in sales, management and processing. I'm currently CEO of Timeshare Village, a resource for timeshare owners and industry professionals.
Organizations Mensa - Life Member
Publications I have been interviewed by Channel 7 News in the Bay Area of California regarding my opinions on Worldmark, the Club timeshares as developed by Trendwest-Wyndham Resorts.
Education/Credentials MBA - Master's in Business Administration
BS - Mathematics
BA - Economics
California Real Estate Broker
Question QUESTION: We own an annual floating week at Villas of Cave Creek in Arizona - just outside of Phoenix. It is deeded and fully paid off. We are no longer interested in using it. We bought it in 2001 and have exchanged usage every year for another location. The maintenance fee has jumped to $826 per year!! We want to sell it... or give it way if necessary. In reading your postings, you said there is a sure-fire way of getting rid of it. What is that please?
Also, if we should expire before getting rid of it, it will pass on to our children via our wills. None of them want it and we certainly do not want to obligate them for the maintenance fee. Is there a way to alter our wills to avoid passing on this obligation to them?
So, there are two questions:
(1) What is the sure-fire way to get id of it ( and the abhorrent maintenance fee)?
(2) If we cannot get rid of it for some reason, can we re-draft our wills so that our children will not inherit the time share and the maintenace fee?
Thanks for your help.
Ted
ANSWER: It may pass on to your children, but they don't have to accept ownership. Double check with a lawyer - but of course you could just leave it out of your will. They cannot force your children to take the timeshare.
I'm not so sure there is a sure-fire way to get rid of anything. However, if you write me direct I may have some suggestions: sales@timesharevillage.com
---------- FOLLOW-UP ----------
QUESTION: Hello. thanks for your reply. You say to simply delete the time share from our will, but wouldn't it still be part of our estate even if it is not in the will? If so, what happens to it? (and the ownership??) Also, in your posting on the weebstie, I beleive you mentioned that if all else failed, i.e. e bay, etc , that you had a way to get rid of the time share. What is that? Ted
Answer Well, this is a bit on the maybe it's legal, maybe it's not side. I would check with a lawyer. However, you could transfer the timeshare to a business - that is perfectly legal. You cannot transfer it to a business for purposes of defaulting. But what if you incorporated a business for the purposes of renting the timeshare? If it doesn't rent and the business has no money, then it certainly can't pay maintenance fees. If it doesn't pay maintenance fees, they will eventually foreclose. Or, you could bankrupt the business.
Either way, if it is properly transfered to an incorporated business for a legal purpose, that purpose is given a good faith effort, and it fails - I see no repercussions for the previous owners.
